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The US market, euro, and pound rose. However, as the pandemic is still not slowing down, economies are still pretty bad. Yesterday, the report on US unemployment showed a huge increase by +3.28 million. This is just in one week!
Anyhow, here's an update on the pandemic: as expected, US has overtaken Italy in the number of infected people. There's now 85,800 confirmed cases, and most of it are from New York. There's also a large number of infected people in California, while a sharp growth is recorded in Canada.
In Italy, the increase in the number of infected people has slowed down. However, it still remains high at 80,600.
In Germany, there is a rapid growth in the number of infected people. It now has 47,000 cases, but the deaths are still at 280. In the US, 1,300 people have died.
Spain - 57,000 infected, 4,300 dead.
Once again, as long as the rate of the spread of the virus remains high, the situation in the markets will remain uncertain.
All in all, the total number of infected people since the virus started is 539,000. 124,000 have recovered, while 24,000 have died.
Yesterday, the head of WHO strongly criticized countries with a small number of infected people for their unwillingness to impose a strict quarantine.
EUR/USD: The pair is consolidating.
Sell from 1.0635.
The level for purchases is still 1.1240. However, there is a high probability of a pullback downwards, where a new level will appear.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
